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Is this round a Hype bull? The popularity of the Hyperliquid ecosystem continues to rise, with users and developers quickly focusing their attention on HyperEVM. DeBridge @deBridgeFinance is continuously reshaping the cross-chain landscape to accelerate HyperEVM, and founder @AlexSmirnov__ has clearly stated: "deBridge is committed to accelerating HyperEVM!" HyperEVM is not an independent chain; it is directly integrated as an EVM-compatible execution layer on @HyperliquidX Layer1, possessing unique structural advantages. It ensures security through the HyperBFT consensus mechanism and natively connects to Hyperliquid's order book system, meaning that users can enjoy high-speed and stable spot and perpetual trading experiences on-chain without any additional intermediary layers. Many users have expressed: "It's hard to think of anyone doing more in the on-chain derivatives space than @HyperliquidX." In just the past few weeks, nearly 10,000 new users have flowed into Hyperliquid through deBridge. The strong support from DeBridge has given the entire ecosystem a significant boost. Through a seamless cross-chain mechanism, it has already helped developers and users bring over $20 million in liquidity to HyperEVM from multiple chains such as Solana, Ethereum, Base, Arbitrum, and BSC, enabling seamless fund migration and providing strong support for building modules like lending, trading, and yield farming. Looking back at the core characteristics of deBridge, I have always said that deBridge should not be called a cross-chain bridge; it should be regarded as a cross-chain infrastructure based on a P2P liquidity network, naturally offering zero slippage and zero front-running. The core experience is fast and smooth. New features are now online, and everyone can now bookmark frequently used chains in the deBridge App to enhance operational efficiency. Since the launch of the 0-TVL intent mechanism, the biggest upgrade is about to arrive, with the DAO governance structure and mechanisms being refined. On-chain players will welcome new empowerment. Attention is scarce, and time is money; whoever can provide a smooth on-chain interaction experience will win the next wave of users. Everyone can continue to follow deBridge! Founder @AlexSmirnov__ also admitted: "The next wave of user growth will be the largest ever. Their expectations for DeFi applications will be as smooth and intuitive as using Instagram or Gmail."

some quick thoughts on mdrops people wrongly blame SEND price action on mdrops. it's understandable, since it was first-of-its kind and highly visible. in reality, SEND's price action is due to *extremely* generous tokenomics. 25% of SEND was airdropped to early users. that's WAY more than most projects do. it was huge, one of the biggest in sui history. we broke away from the low float high FDV meta that people hate. but the reality is that holders just want number go up, they don't care how. in practice, low float high FDV makes it much easier for good performance due to supply control. it's the same reason many pumpfun tokens did well -- devs snipe up to 90% of the supply, severly limiting the sell pressure. but suilend is a legitimate, transparent project. we chose to give the tokens to the community, not keep them for ourselves and VCs. the mdrop helped mitigate a lot of selling pressure, and bootstrapped the suilend treasury with 5M SUI. so far, $2.2M has been used for buybacks which are ongoing. (another big criticism btw -- people wrongly believe mdrop proceeds went to the team but in reality they're being used for buybacks. slowly, over time.) here's my guess to what would've happened if suilend didn't use mdrops - SEND price wouldn't have gone as high as it did - current price would be the same - suilend treasury would not have $2M in dry powder for buybacks also, people often point to hyperliquid as a shining example of how to launch a token, but fail to recognize that hyperliquid is a generational outlier. not every project can be hyperliquid -- bootstrapped because founders already made it, wildly successful product in both narrative and revenue. any number of projects can recreate HYPE's tokenomics and not see the same level of success. the name way countless projects copied curve's ve tokenomics and still failed. because tokenomics don't make a project, the product does.